If we push up the price of the Indian Rupee, our imports will be cheaper. We need to do everything to make the Rupee stronger. All the protests by the exporters nothwithstanding. Our Imports are far in excess of exports. Then why are we foolishly keeping our currency weak?
Re: How to get cheaper Oil!
by piri on May 27, 2012 10:50 AM
Err.......it might be wise to read in some detail about issues before venturing to comment about them !!
What is the real cost of petrol excluding all taxes? Considering it an essential commodity, why taxes cannot be reduced? Why do you call it a subsidy when you collect a lot as tax on it? Looking at the regular level of purchases, the Oil companies should have used the forward bookings. Without strategy, these oil companies and the Govt. are collecting the cost of their inefficiency from the common man as well.
Re: Petrol Price.
by piri on May 27, 2012 10:54 AM
The govt. needs the taxes to bridge the big fiscal deficit. That the govt. is unable or unwilling to explore other possible avenues to improve revenues is another matter.
And the govt. also is forced to bear the huge cost of subsidies passed on to users of kerosene, diesel and domestic Lpg.
So then, that is the 'catch 22' situation the govt. faces everytime the crude price increases.
Increasing the prices of petro products is the only option left then !
Indians keep shouting that they can die for their country, but they can't take a 10% fuel price hike. Getting rid of subsidies is the best way to make sure the country reduces its fiscal deficit and has more money to spend on development. When people wonder where all their tax money goes, remember a 100 times more money is spent on subsidy than because of corruption. And remember that subsidy causes more corruption like over-stocking, black marketing of subsidized products, poor quality and adulteration and tons of money spent on regulation and enforcement (e.g. ration cards, customs, etc.).
Re: swallow it for your country
by s kesavan on May 26, 2012 06:38 AM
Absolutely correct. But in a situation of competetion to get brownie points from the gullible public, political parties exploit the situation to the hilt and when they come to power the previous ruling party/coalition play a similar game.
Re: swallow it for your country
by ANAND TEERTHA on May 26, 2012 09:46 AM
Test User first you ask UPA to stop NREG direct bribes giving program and making villagers lethargic at grass root levels. UPAs populist schemes naed after dynasty are ruining Indian economy.
Stiff increase in petrol price and expected increase in diesel & LPG prices will mean stiff increase in budget of middle class people. I think that we should seriously consider following methods to reduce petrol consumption.
Use pooling system, i.e. use combining visits / transport with others.
Use public transport as far as possible
Walk for going upto say 1 to 2 km
Use cycle for going to small distances of say about 5 km
Follow traffic rules, breaking rules causes delay for all as well as increase in fuel consumption
Govt should make law limiting number of children per couple to 2. China has 1 child norm since 1979
indulges in deceptive word-play (or phrase-play) when he 'informs' us that the international price of crude oil has fluctuated in the past few years very widely FROM 140 USD A BARREL TO 40 USD !!
He knows only too well that most of his listerners will not remember or will not know that the price of crude has fluctuated THE OTHER WAY in the past few years (i.e., FROM 40 USD A BARREL TO 140 USD) !!
Re: Subrata Mandal also
by ANAND TEERTHA on May 25, 2012 09:32 PM
During the BJP regime the crude price were at time 148 Dollar a barrel. However the cost for fuel per litter was 1 Liter = 35 Rupess
On other had the cost for per barrel is 94 dollar under Congress regime. However the cost for 1 litter is 1 liter pertol = 80 Rupess
Re: Re: Subrata Mandal also
by piri on May 25, 2012 09:40 PM
Hello little oaf !
Please do not lie !
Are you really sure that the price of crude oil touched 148 USD a barrel 'during the BJP regime' ????
Really ??
Please check your sources (I am sure you just bluffed without checking) once again to see when the crude price crossed 140 USD a barrel !!
Please also check whether what I say below is true or not :
The price of crude was about 44 USD a barrel when the BJP left power in 2004. During the period 1999 to 2004, the highest that crude climbed to was 49 USD a barrel !
It was in 2007 that the crude climbed to 140 USD a barrel (during the time of UPA I).
